189 Mary Street, Richmond VIC 3121

2‑bed renovated Victorian terrace | 89 m² internal, 167 m² land | strong inner‑city location | no off‑street parking | compact but finished. This property is competitively strong as a fully updated Victorian terrace in a quiet street near Swan Street and Bridge Road, offering a low‑maintenance layout with open‑plan living, a designer kitchen, and a private courtyard with a deck. Its 89 m² interior on a 167 m² lot is typical for a compact period home, but the full renovation and natural light give it a modern edge that suits owner‑occupiers, downsizers, or professionals wanting character without major upkeep. The location near the CBD, transport, and lifestyle amenity makes it a rare find in this price tier for a house rather than an apartment. Value may be materially affected by the lack of off‑street parking, which could narrow appeal in a car‑dependent household market. The compact land size may limit future extension potential, and the Victorian era means maintenance risks remain despite the renovation. Buyers should weigh the premium for a finished home against the constraint of a small plot, as resale value may rely more on location and condition than land upside.